|
Report Date : |
06.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
KONIG GMBH & CO. KG |
|
|
|
|
Registered Office : |
Nienhagener Str. 30, D 37186 Moringen |
|
|
|
|
Country : |
Germany |
|
|
|
|
Financials (as on) : |
31.12.2009 |
|
|
|
|
Year of Establishment : |
1965 |
|
|
|
|
Com. Reg. No.: |
HRA 130123 |
|
|
|
|
Legal Form : |
Ltd partnership with priv. ltd. company asgeneral partner |
|
|
|
|
Line of Business : |
Manufacture
of other general-purpose machinery |
|
|
|
|
No. of Employees : |
1,125 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
250,000 EUR |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Germany - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.0% in 2011. GDP contracted 5.1% in 2009 but grew by 3.6% in 2010, and 2.7% in 2011. The recovery was attributable primarily to rebounding manufacturing orders and exports - increasingly outside the Euro Zone. Germany's central bank projects that GDP will grow 0.6% in 2012, a reflection of the worsening euro-zone financial crisis and the financial burden it places on Germany as well as falling demand for German exports. Domestic demand is therefore becoming a more significant driver of Germany's economic expansion. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's budget deficit to 3.3% in 2010, but slower spending and higher tax revenues reduce the deficit to 1.7% in 2011, below the EU's 3% limit. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its energy and 46% of its base-load electrical production.
|
Source : CIA |
König GmbH & Co. KG
Nienhagener Str. 30
D 37186 Moringen
Telephone: 05554/2040
Telefax: 05554/2180
Homepage: www.koenig-dienstleistungen.de
E-mail: info@koenigkg.de
DE166207894
Business relations are permissible.
LEGAL FORM Ltd
partnership with priv. ltd. company asgeneral partner
Date of foundation: 1965
Begin of business
activities: 02.09.1976
Registered on: 02.09.1976
Register of
companies: Local court 37073 Göttingen
under: HRA
130123
Total cap.
contribution: EUR 98,679.33
Gerd-Hinrich Döscher
Heinz-Hilpert-Str. 10
D 37085 Göttingen
born: 04.04.1942
Share: EUR 98,679.33
König Verwaltungsgesellschaft mbH
Nienhagener Str. 30
D 37186 Moringen
Legal form: Private limited company
Share capital: EUR 25,564.60
Registered on: 25.03.1975
Reg. data: 37073 Göttingen, HRB 130024
Wolfgang-Dieter König
Birkenweg 5
D 37186 Moringen
born: 1945
Share: EUR 12,782.30
Shareholder:
Gerd-Hinrich Döscher
Heinz-Hilpert-Str. 10
D 37085 Göttingen
born: 04.04.1942
Share: EUR 12,782.30
Gerd-Hinrich Döscher
Heinz-Hilpert-Str. 10
D 37085 Göttingen
having sole power of representation
born: 04.04.1942
Profession: Businessman
Marital status: married
Manager:
Andreas Burghardt
Göttinger Str. 29
D 37139 Adelebsen
having sole power of representation
born: 08.03.1963
Marital status: unknown
01.01.1976 -
31.12.1996 König Apparate- und
Lüftungsbau GmbH &
Co. KG
Nienhagener Str. 30
D
37186 Moringen
Ltd partnership with priv. ltd. company
as
general partner
Main industrial
sector
28290 Manufacture of other general-purpose
machinery
43220 Plumbing, heat and air-conditioning
installation
46734 Wholesale of construction materials of
mineral sustances
78300 Other human resources provision
Branch:
König
GmbH & Co. KG
Belgradstr. 9
D
80796 München
TEL.: 089/747371-0
FAX.:
089/747371-70
Branch:
König
GmbH & Co. KG
Ludwig-Erhard-Str. 51
D
04103 Leipzig
TEL.:
0341/21207-6
FAX.: 0341/21207-70
Branch:
König
GmbH & Co. KG
Lortzingstr. 35
D
01307 Dresden
TEL.:
0351/447780
FAX.:
0351/4477877
Branch:
König GmbH & Co. KG
Jüdenstr. 50
D
10178 Berlin
TEL.:
030/275958-0
FAX.:
030/275958-57
Branch:
König
GmbH & Co. KG
Baumwall 5
D
20459 Hamburg
TEL.:
040/490006-0
FAX.:
040/490006-16
Branch:
König
GmbH & Co. KG
Walther-Rathenau-Str. 60
D 39104 Magdeburg
TEL.:
0391/544350-0
FAX.:
0391/544350-15
Branch:
König
GmbH & Co. KG
Alfredstr. 99
D
45131 Essen
TEL.:
0201/86839657
FAX.:
05554/204779
Branch:
König
GmbH & Co. KG
Kaiser-Wilhelm-Ring 13
D
50672 Köln
TEL.:
0221/95188-0
FAX.:
0221/95188-18
Branch:
König
GmbH & Co. KG
Konrad-Adenauer-Str. 17
D
60313 Frankfurt
TEL.:
069/913014-0
FAX.:
069/913014-14
Branch:
König GmbH & Co. KG
Königstorgraben 7
D
90402 Nürnberg
TEL.:
0911/216522-0
FAX.:
0911/216522-22
Branch:
König
GmbH & Co. KG
Juri-Gagarin-Ring 153
D
99084 Erfurt
TEL.:
0361/60132-30
FAX.:
0361/60132-33
Branch:
König
GmbH & Co. KG
Steiermärker Str. 3-5
D 70469 Stuttgart
TEL.:
0711/896601-18
FAX.:
0711/896601-19
Payment experience: takes advantage of cash discount
Negative information: We
have no negative information at hand.
Balance sheet year: 2009
Type of ownership: Tenant
Address Hammer Steindamm 42
D
22089 Hamburg
Type of ownership: proprietor
Share: 100.00 %
Address Nienhagener Str. 30
D 37186 Moringen
Type of ownership: Tenant
Address Belgradstr. 9
D
80796 München
Type of ownership: Tenant
Address Kaiser-Wilhelm-Ring 13
D 50672 Köln
Type of ownership: Tenant
Address Alfredstr. 99
D
45131 Essen
Type of ownership: Tenant
Address Königstorgraben 7
D
90402 Nürnberg
Type of ownership: Tenant
Address Juri-Gagarin-Ring 153
D
99084 Erfurt
Type of ownership: Tenant
Address Lortzingstr. 35
D
01307 Dresden
Type of ownership: Tenant
Address Ludwig-Erhard-Str. 51
D 04103 Leipzig
Type of ownership: Tenant
Address Jüdenstr. 50
D 10178 Berlin
Type of ownership: Tenant
Address Walther-Rathenau-Str. 60
D 39104
Magdeburg
Type of ownership: Tenant
Address Konrad-Adenauer-Str. 17
D
60313 Frankfurt
Real Estate of: König Verwaltungsgesellschaft mbH
Type of ownership: Tenant
Address Nienhagener Str. 30
D
37186 Moringen
Land register documents
were not available.
Principal banks
DEUTSCHE BANK, GÖTTINGEN, NIEDERSACHS
Sort. code: 26070072, Account no.: 1118488, BIC: DEUTDE2H260
KREIS-SPARKASSE NORTHEIM, MORINGEN
Sort. code: 26250001, Account no.: 25000423, BIC: NOLADE21NOM
VOLKSBANK SOLLING, HARDEGSEN
Sort. code: 26261693, Account no.: 12428100, BIC: GENODEF1HDG
Turnover: 2010 EUR 175,125,000.00
2011 EUR 180,000,000.00
further business figures:
Equipment: EUR 1,112,558.00
Ac/ts receivable: EUR 6,970,801.00
Liabilities: EUR 29,896,684.00
Employees:
1,125
-
thereof permanent staff: 1,125
BALANCE SHEETS
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 69.15
Liquidity ratio: 10.00
Return on total capital [%]: 4.64
Equity
ratio
The equity ratio
indicates the portion of the equity as compared to the total capital. The
higher the equity ratio, the better the economic stability (solvency) and thus
the financial autonomy of a company.
Liquidity
ratio
The liquidity
ratio shows the proportion between adjusted receivables and net liabilities.
The higher the ratio, the lower the company's financial dependancy from
external creditors.
Return
on total capital
The return on
total capital shows the efficiency and return on the total capital employed in the company. The higher the
return on total capital, the more economically does the company work with the
invested capital.
Type of balance
sheet: Company balance sheet
Financial year: 01.01.2009 - 31.12.2009
ASSETS EUR 32,168,181.55
Fixed assets
EUR 5,140,992.98
Intangible assets EUR 7,793.00
Concessions, licences, rights
EUR 7,793.00
Tangible assets
EUR 3,774,298.95
Land / similar rights
EUR 1,165,051.95
Plant / machinery
EUR 1,496,689.00
Other tangible assets / fixtures and
fittings
EUR 1,112,558.00
Financial assets
EUR 1,358,901.03
Shares in participations /
subsidiaries and the like
EUR 1,358,901.03
Shares in related companies
EUR 1,358,751.03
Shares in cooperatives
EUR 150.00
Current assets
EUR 26,937,774.64
Stocks
EUR 4,916,577.25
Raw materials, consumables and
supplies
EUR 3,351,638.74
Finished goods / work in progress
EUR 1,564,938.51
Accounts receivable
EUR 6,970,801.80
Trade debtors
EUR 6,038,201.42
Amounts due from related companies
EUR 395,954.10
Other debtors and assets
EUR 536,646.28
Liquid means
EUR 15,050,395.59
Remaining other assets
EUR 89,413.93
Accruals (assets)
EUR 74,014.48
Deficit not covered by shareholders'
equity EUR 15,399.45
LIABILITIES EUR 32,168,181.55
Shareholders' equity
EUR 122,710.05
Capital
EUR 122,710.05
Limited partner's capital / capital
of partially liable partner (LP)
EUR 122,710.05
Provisions
EUR 2,148,786.60
Provisions for taxes
EUR 54,226.00
Other / unspecified provisions
EUR 2,094,560.60
Liabilities
EUR 29,896,684.90
Other liabilities
EUR 29,896,684.90
Trade creditors (for IAS incl. bills
of exchange) EUR 4,123,753.63
Unspecified other liabilities
EUR 25,772,931.27
thereof liabilities from tax /
financial authorities
EUR 462,094.12
thereof liabilities from social
security
EUR 72,988.22
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 61,828,456.74
Inventory change + own costs (+/-)
EUR -626,142.33
Inventory change (+/-)
EUR -653,662.70
Capitalised own costs
EUR 27,520.37
Other operating income
EUR 483,819.69
Cost of materials
EUR 21,168,604.38
Raw materials and supplies, purchased
goods
EUR 20,865,676.82
Purchased services
EUR 302,927.56
Gross result (+/-)
EUR 40,517,529.72
Staff expenses
EUR 30,685,985.98
Wages and salaries
EUR 25,015,231.77
Social security contributions and
expenses for pension plans and
benefits EUR
5,670,754.21
Total depreciation
EUR 651,683.26
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 651,683.26
Other operating expenses
EUR 7,796,832.62
Operating result from continuing
operations
EUR 1,383,027.86
Result from participating interests
(+/-)
EUR 117,061.39
Expenses / income from participations EUR 117,061.39
Income from related companies
EUR 117,061.39
Interest result (+/-)
EUR 94,701.74
Interest and similar income
EUR 111,959.59
Interest and similar expenses
EUR 17,257.85
Financial result (+/-)
EUR 211,763.13
Result from ordinary operations (+/-)
EUR 1,594,790.99
Income tax / refund of income tax (+/-)EUR -80,503.11
Other taxes / refund of taxes
EUR -22,712.73
Tax
(+/-)
EUR -103,215.84
Annual surplus / annual deficit
EUR 1,491,575.15
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.89 |
|
UK Pound |
1 |
Rs.88.63 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.